We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Discover Financial, Borica AD Tie Up to Boost Card Acceptance
Read MoreHide Full Article
Discover Financial Services (DFS - Free Report) along with Borica AD, the owner of Bulgaria’s national payment scheme Bcard, has inked a strategic deal, per which Bcard’s Global Cards outside Bulgaria will be allowed on the Discover Global Network.
Bcard and Discover Financial will team up on the integration of the latter’s EMV contact, contactless and mobile solutions — D-PAS — for its global usage in order to provide secure transactions. Member banks of Bcard will get a solution for the acceptance of Bcard’s Global Cards outside Bulgaria in the Discover Global Network.
Notably, this contract will benefit Bcard as it will be able to serve customers outside its territory of Bulgaria. Bcard’s member banks can now access a locally useful and highly competent platform, a slew of products along with an opportunity to choose from unique payment products.
This partnership completely aligns with Discover Financial’s commitment toward boosting card acceptance across the world. It has been constantly tying up with companies to provide multiple transaction options to customers.
Recently, the company’s payment brand, Discover Global Network, entered into an agreement with Sage Pay via which, the latter provides better and wider options to pay for online and in-store transactions to Discover Global Network cardholders that consist of Discover, Diners Club and affiliate network cardholders in the UK and Ireland.
Discover Financial is one of the major card issuers in the United States and a leading innovator in the credit card industry. It has more than 44 million merchant acceptance locations and two million ATM and cash access sites across more than 190 countries and territories.
The company has been active in forging alliances and partnerships, on the back of which, card sales volume expanded on average rate of 4.6% in the last five years (2013-2018), primarily owing to a rise in the number of customers using Discover card.
We believe, significant investments in marketing and business development will consistently favor Discover Financial’s card account growth and card sales volumes in the future.
Shares of this Zacks Rank #3 (Hold) company have gained 3.8% in the past year against its industry’s decline of 5.5%.
Mastercard provides transaction processing and other payment-related products and services in the United States and across the globe. The stock managed to pull off average four-quarter positive surprise of 5.8%.
PayPal works as a technology platform and digital payments company. It delivered average four-quarter positive surprise of 7.6%.
Global Payments offers payment technology and software solutions and it came up with average four-quarter beat of 3.1%.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
Image: Bigstock
Discover Financial, Borica AD Tie Up to Boost Card Acceptance
Discover Financial Services (DFS - Free Report) along with Borica AD, the owner of Bulgaria’s national payment scheme Bcard, has inked a strategic deal, per which Bcard’s Global Cards outside Bulgaria will be allowed on the Discover Global Network.
Bcard and Discover Financial will team up on the integration of the latter’s EMV contact, contactless and mobile solutions — D-PAS — for its global usage in order to provide secure transactions. Member banks of Bcard will get a solution for the acceptance of Bcard’s Global Cards outside Bulgaria in the Discover Global Network.
Notably, this contract will benefit Bcard as it will be able to serve customers outside its territory of Bulgaria. Bcard’s member banks can now access a locally useful and highly competent platform, a slew of products along with an opportunity to choose from unique payment products.
This partnership completely aligns with Discover Financial’s commitment toward boosting card acceptance across the world. It has been constantly tying up with companies to provide multiple transaction options to customers.
Recently, the company’s payment brand, Discover Global Network, entered into an agreement with Sage Pay via which, the latter provides better and wider options to pay for online and in-store transactions to Discover Global Network cardholders that consist of Discover, Diners Club and affiliate network cardholders in the UK and Ireland.
Discover Financial is one of the major card issuers in the United States and a leading innovator in the credit card industry. It has more than 44 million merchant acceptance locations and two million ATM and cash access sites across more than 190 countries and territories.
The company has been active in forging alliances and partnerships, on the back of which, card sales volume expanded on average rate of 4.6% in the last five years (2013-2018), primarily owing to a rise in the number of customers using Discover card.
We believe, significant investments in marketing and business development will consistently favor Discover Financial’s card account growth and card sales volumes in the future.
Shares of this Zacks Rank #3 (Hold) company have gained 3.8% in the past year against its industry’s decline of 5.5%.
Stocks to Consider
Investors interested in the same space may take a look at some better-ranked stocks like Mastercard Incorporated (MA - Free Report) , PayPal Holdings, Inc. (PYPL - Free Report) and Global Payments Inc. (GPN - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Mastercard provides transaction processing and other payment-related products and services in the United States and across the globe. The stock managed to pull off average four-quarter positive surprise of 5.8%.
PayPal works as a technology platform and digital payments company. It delivered average four-quarter positive surprise of 7.6%.
Global Payments offers payment technology and software solutions and it came up with average four-quarter beat of 3.1%.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>